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Fission 3.0 Corp.  today announces that it has received total proceeds of approx. $690,500 from the exercise of stock options and warrants between November 5, 2021 to December 22, 2021. The warrants were issued pursuant to private placements that closed in September and October 2018 and August 2020. Accordingly, the Company has issued a total of 5,276,667 shares of common shares since its last update of November 5, ...

Fission 3.0 Corp. (TSXV: FUU) (the "Company") today announces that it has received total proceeds of approx. $690,500 from the exercise of stock options and warrants between November 5, 2021 to December 22, 2021. The warrants were issued pursuant to private placements that closed in September and October 2018 and August 2020. Accordingly, the Company has issued a total of 5,276,667 shares of common shares since its last update of November 5, 2021. The Aggregate proceeds received from the exercise of the options and warrants will be used for future exploration work on the Company's projects, corporate development and general corporate and working capital purposes.

The Company further announces that in conjunction with its recent closing of an $8,587,353 Private placement (December 22, 2021) there were insiders of the Company that participated in the placement by purchasing an aggregate of 434,800 Flow Through Units, for gross proceeds of $100,004, which constituted a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). This participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any State where such offer, solicitation, or sale would be unlawful.

About Fission 3.0 Corp.

Fission 3.0 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of world's largest high grade uranium discoveries. Fission 3.0 currently has 14 projects in the Athabasca Basin. Several of Fission 3.0's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits. Fission 3.0 has recently completed an $8 million funding with Red Cloud Securities and are currently planning a winter exploration/drill program on their PLN project. They are also entertaining JV partners with some of their other projects.

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

Contact details

Investor Relations
Ph: 778-484-8030
TF: 844-484-8030
ir@fission3corp.com
www.fission3corp.com

https://twitter.com/Fission3Corp

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108594

News Provided by Newsfile via QuoteMedia

FUU:CA
Fission 3.0 Corp. Receives 6,046,952 Traction Shares

Fission 3.0 Corp. Receives 6,046,952 Traction Shares

Fission Uranium 3.0 (TSXV: FUU) (OTCQB: FISOF) ("Fission 3.0 Corp") are pleased to announce they have received 6,046,952 shares, ($5,442,257 based on today's $0.90 market price) from Traction Uranium Corp. (CSE:TRAC) in regards to the JV Agreement with Traction for the two properties located in Saskatchewan's Athabasca Basin region (the "Properties"): the Hearty Bay Project, comprised of 7 mineral claims covering approximately 11,173 hectares (the "Hearty Bay Project"), and the Lazy Edward Project, comprised of 11 mineral claims covering approximately 1,828 hectares (the "Lazy Edward Project"). The shares are under trade restriction until April 30, 2022.

The Hearty Bay property surrounds the historic Isle Brochet radioactive boulder trains. Boulder prospecting by Fission 3 on Isle Brochet in 2019 led to the discovery of 45 radioactive boulders with assay values up to 8.23% U3O8 with over 24% of them returning assay values of >1% U3O8. A marine seismic survey completed in the up-ice direction to the northeast was interpreted to indicate multiple basement structural and lithological features which have defined drill targets. The objective of further exploration on the property is to discover the source of the uraniferous boulder field.

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Fission 3.0 Corp. Announces Closing of Brokered Private Placement for Gross Proceeds of $8,587,353

Fission 3.0 Corp. Announces Closing of Brokered Private Placement for Gross Proceeds of $8,587,353

Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) (the "Company") is pleased to announce that it has closed its previously announced "best efforts" private placement (the "Offering") for gross proceeds of C$8,587,353, from the sale of the following:

  • 17,043,642 units of the Company (each, a "Unit") at a price of C$0.21 per Unit for gross proceeds of C$3,579,164 from the sale of Units;
  • 16,373,732 flow-through units of the Company (each, a "FT Unit") at a price of C$0.23 per FT Unit for gross proceeds of C$3,765,958 from the sale of FT Units; and
  • 4,283,552 FT Units to be sold to charitable buyers (each, a "Charity FT Unit" and together with the Units and FT Units, the "Offered Units") at a price of C$0.29 for gross proceeds of C$1,242,230 from the sale of Charity FT Units.

Each Unit issued pursuant to the Offering is comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each whole warrant, a "Warrant"). Each FT Unit is comprised of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one Warrant. Each Charity FT Unit is comprised of one FT Share and one Warrant. Each whole Warrant entitles the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.26 at any time on or before December 22, 2023.

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Fission 3.0 Commences Geophysics on Flagship Property PLN

Fission 3.0 Commences Geophysics on Flagship Property PLN

Fission 3.0 CORP (TSXV: FUU) (OTCQB: FISOF) ("Fission 3" or "the Company") is pleased to announce that on-site lake-ice preparation is underway to support a 4000-meter drill program on its 100% owned flagship Patterson Lake North "PLN" project in Canada. In addition ground geophysical surveys consisting of DC Resistivity and Time Domain electromagnetic surveys, designed to refine drill targeting, have commenced at the Broach Lake area. Located in the same area as where Fission Uranium Corp and NexGen Energy are advancing their world-class, large, high-grade uranium deposits PLN is amongst the highest ranked projects in Fission 3's extensive portfolio. Previous drill programs at PLN have identified basement hosted uranium mineralization supported by the presence of alteration, pathfinder structural disturbance supporting large-scale potential of the area.

News Highlights:

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Fission 3.0 Corp. and Traction Uranium Announce Option Agreements for Lazy Edward and Hearty Bay Projects

Fission 3.0 Corp. and Traction Uranium Announce Option Agreements for Lazy Edward and Hearty Bay Projects

Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) ("Fission 3.0 Corp" or the "Optionor") is pleased to announce that, further to the news release dated November 1, 2021, it has entered into two option agreements with Traction Uranium Corp. (CSE: TRAC) ("Traction") respecting options to acquire up to a 70% interest in two properties located in Saskatchewan's Athabasca Basin region (the "Properties"): the Hearty Bay Project, comprised of 6 mineral claims covering approximately 10,604 hectares (the "Hearty Bay Project"); and the Lazy Edward Project, comprised of 11 mineral claims covering approximately 1,828 hectares (the "Lazy Edward Project").

The Hearty Bay property surrounds the historic Isle Brochet radioactive boulder trains. Boulder prospecting by Fission 3 on Isle Brochet in 2019 led to the discovery of 45 radioactive boulders with assay values up to 8.23% U3O8 with over 24% of them returning assay values of >1% U3O8. A marine seismic survey completed in the up-ice direction to the northeast was interpreted to indicate multiple basement structural and lithological features which have defined drill targets. The objective of further exploration on the property is to discover the source of the uraniferous boulder field.

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Fission 3.0 Corp. Announces Upsize of Brokered Private Placement to up to C$7.5 Million

Fission 3.0 Corp. Announces Upsize of Brokered Private Placement to up to C$7.5 Million

Fission 3.0 Corp. (TSXV: FUU) (the "Company") is pleased to announce that due to significant investor demand, the Company has increased the size of its previously announced "best efforts" private placement (the "Offering") from C$5,000,000 to up to C$7,500,000 from the sale of any combination of the following:

  • units of the Company (each, a "Unit") at a price of C$0.21 per Unit;
  • flow-through units of the Company (each, a "FT Unit") at a price of C$0.23 per FT Unit; and
  • FT Units to be sold to charitable purchasers (each, a "Charity FT Unit") at a price of C$0.29 per Charity FT Unit.

Each Unit will be comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each FT Unit will be comprised of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one Warrant. Each Charity FT Unit will consist of one FT Share and one Warrant. Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.26 at any time on or before that date which is 24 months after the closing date of the Offering.

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Are Thorium Reactors the Future of Nuclear Energy?

The world’s energy needs are expected to skyrocket thanks to population growth and higher demand from developing nations, making thorium reactors increasingly appealing.

Nuclear energy is considered by some to be a green energy because it does not produce direct carbon dioxide emissions, unlike fossil fuels, which contribute to air and water pollution.

Over the last decade, more countries around the world have turned to nuclear as an energy source, integrating nuclear energy into their energy grids, specifically to produce electricity.

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Consolidated Uranium Proposed Spin-Out Labrador Uranium Expands Land Holding and Team

Consolidated Uranium Proposed Spin-Out Labrador Uranium Expands Land Holding and Team

Consolidated Uranium Inc. (" CUR ", the " Company " or " Consolidated Uranium ") (TSXV: CUR) (OTCQB: CURUF), is pleased to provide an update regarding recent developments of its planned spin-out of Labrador Uranium Inc. (" Labrador Uranium " or " LUR ") through a plan of arrangement under the Business Corporations Act (Ontario) (the " Arrangement "). LUR has expanded its land holdings in Labrador around its anticipated key projects as well as bolstered its technical team with several key appointments in preparation for an aggressive summer 2022 work program.

Stephen Keith, CEO of LUR, commented, "We are very pleased with our progress to date while we plan our 2022 exploration season and prepare to become a public company. Focusing on governance and strategy, LUR has assembled a strong prospective Board of Directors; and, with a focus on creating the greatest opportunity for exploration success, LUR has been able to attract a great geological brain trust as well as increasing and further consolidated its strategic land holdings in a well-known and significant mineral belt."

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Denison Announces 22.5% Owned McClean Lake Operation Granted Approval to Expand Tailings Management Facility

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report that the Canadian Nuclear Safety Commission ("CNSC") has approved an amendment to the uranium mine and mill licence for the McClean Lake Operation to allow for the expansion of the JEB Tailings Management Facility ("TMF"). View PDF version

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CanAlaska Partner to Spend AUD$5M for 60% of Two Uranium Projects in the Athabasca Basin

CanAlaska Partner to Spend AUD$5M for 60% of Two Uranium Projects in the Athabasca Basin

Terra Uranium has Staged Option to Earn up to 80% Interest in McTavish and Waterbury East Projects, subject to Resource definition

Focus on High-Grade Eastern Athabasca Uranium Discovery

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Positive Initial Report for Dasa Project 2021/2022 Drill Program

Including Hole ASDH592 65 meters at 5,493 ppm including 12.5 meters at 14,142 ppm

 Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) provides this initial report on the Company's 15,000-meter drill program that commenced September 2021 at the Dasa Project.

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Elevate Uranium: Carbon Free Energy

Large Bodies of Shallow Uranium Mineralisation Delineated at Koppies

Elevate Uranium Limited (“Elevate Uranium”, or the “Company”) (ASX:EL8) (OTC:ELVUF) is pleased to announce results of the resource definition drilling program recently completed at the Koppies project in the Erongo Region of Namibia.
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